After reading this interview, I think I’m in love with Jane Espensen. 😆 I’m praying to God that she’s right about certain clues. All of the clues that people are focusing on might be red herrings. But the writers probably want it that way. They want to throw us off.
And I think the episode will go like this: As Mr. Gold is remembering his life with his son in Fairytale land, he’ll slowly begin to believe that August is his son. The similar physical appearance and wounded leg will lead Mr. Gold to think that he’s Bae. Thinking that he’s Bae, Mr. Gold will try to warm up to August and gain his trust in the hopes of redeeming himself in his eyes. But in the end, it will be revealed that August is not Bael, but he is conencted to Bae in some way.
I think after Bae fell into the green vortex, he fell into Oz. The people proclaimed him the new wizard because he had Rumpel’s dagger. (I also a gree with the theory that Zoso is from Oz. I think Midnight Dreary said that). During his time in Oz he meets the Tin Man who later turns out to be August. I think August is a prelude to Baelfire coming to town.